The government is again proposing to reduce the tax rates on undisclosed incomes so that more will be willing to pay the taxes owed on those incomes. The proposal, which was part of the Union Tax Bill submission for the new 2019-20 fiscal year beginning October 1, was submitted to the Pyidaungsu Hluttaw on August […]
Read MoreIts pungent aroma and creamy custard flesh have proven divisive for the palates of discerning consumers, but the durian has long cemented its reputation as the king of fruits. Primarily grown in Southeast Asia’s warmer climate, the thorny fruit has recently made its way to Chinese diners in bizarre forms, as the main ingredient in hotpot broths […]
Read More[JAKARTA] Indonesian President Joko Widodo on Thursday signed a decree laying out government support for electric vehicle (EV) industry in the country, looking to leverage its wealth of essential metals. The key to the EV industry was in the construction of batteries, and the “raw materials to make a battery: cobalt, manganese and others, we […]
Read MoreSINGAPORE will take the upcoming slowdown in its stride, Prime Minister Lee Hsien Loong said in his annual National Day Message on Thursday night. Notwithstanding slowing economic growth, weaker global demand and trade, and the worldwide electronics down-cycle, other parts of the economy are doing well, he said. “We have experienced such slowdowns before, and […]
Read MoreThe Bank of Thailand’s Monetary Policy Committee (MPC) surprisingly cut its policy rate from 1.75% to 1.50% by a vote of 5-2 on Wednesday. The move was unexpected because the MPC did not signal the need for easing in the statement that followed its previous meeting, something it would normally do. In the previous meeting, […]
Read MoreKUALA LUMPUR: Malaysia’s industrial production index (IPI) in June expanded by 3.9% on-year, slightly higher than a Bloomberg survey of a 3.8% growth. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said on Friday the growth in June 2019 was driven by the increase in all indices with mining expanding by 4.6%, manufacturing (3.8%) and […]
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